This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RAM Energy Resources Announces Operational Update To Planned Activity At Osage Mississippian Oil Play And Other Operational Activity

RAM Energy Resources, Inc. (Nasdaq: RAM) today announced an update to activity in its Mississippian oil play in Osage County, Oklahoma which encompasses the company’s 56,320 acre concession, a part of the broad Mississippi Chat/Mississippi Solid/Arbuckle oil play in the region. Interpretation of the first phase of 3-D seismic (Phase I), acquired in 2010, and initial drilling results indicate that a substantial portion of the acreage surveyed could be prospective. Although the Mississippi Chat has been the company’s primary objective to date, the company’s practice is to drill through the Chat and through the Mississippi Lime formation in order to gather additional science for future development. The initial wells drilled have encountered Chat zones 40 – 70 feet thick and porosities ranging from 20% – 35%. Similarly, initial wells have drilled through Mississippi Lime zones of 100 feet or more in thickness with a porosity range similar to the 5% – 15% range of porosities experienced by other operators in the western portions of the play.

Progress on the initial Phase I 3-D seismic shoot covering 16,000 acres can be broken down into the following areas:

(1) Southern Surber Area: RAM has drilled the following eight wells in the southern area of Phase I seismic shoot: Surber 1-26, Ricketts 3-26, Surber SWD, Farmland 1-26, Surber 2-T, Surber 2-27, Surber 1-35, Ricketts 2-35.

The Surber 1-26, the initial discovery well in this area, was drilled to a total depth of 2,530 feet and completed in the Mississippi Chat. After acidizing, this well had initial production of 80 barrels of oil per day (BOPD) and declined to 20 – 25 BOPD prior to fracture stimulation. The Surber 1-26 was slick water fractured in late March 2011 and, after stimulation, was producing 100 – 107 barrels of oil equivalent per day (BOEPD) comprised of 87 BOPD and 119 thousand cubic feet of gas per day (MCFPD). Since June 1 it has been producing 65 – 75 BOEPD, comprised of 35 – 45 BOPD and 200 MCFPD, while we continue to de-water the formation.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs